LNG shipping is undergoing a rapid fleet expansion, with a stacked delivery schedule extending until 2027. The fleet growth will keep shipping rates under pressure in 2025-26, with rebalancing likely from 2027 as massive liquefaction capacities (with over 170 mtpa) become operational, while a slew of planned projects line up for their FIDs. Drewry anticipates …
Will there be enough LNGCs by 2030? Read More »
The global coal market is on the cusp of an extraordinary shift, preparing for what the International Energy Agency (IEA) in its Coal Mid-Year Update 2025 describes as “an unprecedented occurrence in this century”: a second consecutive year of decline in trade. For 2026, the IEA forecasts a continued reduction in China’s import demand, which …
Beyond peak coal trade Read More »
The Union of Greek Shipowners published today its 2024-2025 Annual Report, which presents detailed statistics and insights into the main features of the Greek fleet and its vital role for the global, European and national economy and society. Greek shipping remains the global leader, with 5,700 vessels. The Greek-owned fleet represents 20% of the global …
Greek Shipping Remains the Global Leader with 5,700 Vessels Read More »
Iron ore futures prices traded little changed on Friday but were set for weekly losses, as expectations of more stimulus from top consumer China for the struggling property sector faded, dimming demand prospects for the steelmaking ingredient. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade 0.19% lower at …
Iron ore heads for weekly loss as hopes fade for China stimulus Read More »
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, is pleased to announce the successful naming and delivery of its first LR2 Aframax newbuilding, M/T P. Massport, constructed at Shanghai Waigaoqiao Shipbuilding Co. Ltd. in the People’s Republic of China. The naming ceremony was held at the shipyard, with Ms. …
Warnings, advisories and piracy incidents in the Indian Ocean Area by the UKMTO in the past week. Source: UKMTO (United Kingdom Maritime Trade Operations)
UKMTO Weekly Piracy Report 26 July – 01 August 2025 Read More »
Today, Friday, August 01 2025, the Baltic Dry Index climbed by 15 points, reaching 2018 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry …
Baltic Dry Index climbs to 2018 up 15 points Read More »
Iron ore remains a standout performer among major commodities this year as it holds above $100 a metric ton despite mounting signs that the steel sector in top importer China is softening. The most-traded iron ore contract on the Singapore Exchange ended at $101.71 a ton on Wednesday, down from $102.74 at the prior close. …
China Iron Ore Imports Hold Up As Storm Clouds Gather Read More »
Indian importers have bought a record 150,000 metric tons of soyoil from China in rare purchases, as a supply glut prompted Chinese crushers to sell at a discount to India’s traditional suppliers from South America, four trade sources said. The exports to India will help Chinese crushers cut inventories that surged after the country’s soybean …
India buys record soyoil from China in rare move, sources say Read More »
The road towards shipping’s decarbonization was never supposed to be straightforward and this proves to be the case. In a recent weekly report, shipbroker Intermodal said that “since the beginning of 2025 several maritime regulations have come into force, aiming to drive the industry toward safer and greener practices, including the FuelEU Maritime Regulation, IMO …
Shipping Decarbonization: New Regulations New “Headaches” Read More »
